Currency pair EUR USD continues to move in the downward FX 1:1 model in order to develop the area below 1.0350. In favor of the euro falling dollar quotes appears tight test downward trend line on the indicator of relative strength. But do not rule out the test the upper boundary of the descending channel, and only then continue the EUR/USD fall.
EUR USD Forecast Euro Dollar on February 28, 2017
Cancellation option euro quotations against the dollar will fall breakdown upper boundary of the descending channel and prices close above the 1.0680 area, which point to a continuation of an upward trend for the pair.
Among the important news that could affect the rate of the euro against the dollar, we should mention, change in the volume of GDP for the quarter in the US balance of foreign trade in goods, Chicago PMI index, a member of the FOMC statement from the speech.
EUR USD Forecast Euro Dollar on February 28, 2017 suggests an attempt to test the upper boundary of the descending channel and continue falling to below the potential target area of 1.0350, the cancellation option fall camp sample area of 1.0680 closing prices.
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